Casino Planned for Tennessee, Virginia Border

Private investors intend to convert a failing Bristol, Virginia, shopping mall into a casino, resort and convention center, The Business Journal reports. The city built The Falls shopping center with taxpayer dollars in hopes to compete with the booming retail sector of its sister city in Tennessee, adding $48 million to the city’s debt and creating a heavy bond-debt. Investors believe the project will be a boon to the local economy, creating somewhere between 5,000 and 10,000 jobs in the area. The total conversion is expected to cost $300 million to $400 million.

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